3,305 Shares in Stifel Financial Corporation (NYSE:SF) Bought by Sowell Financial Services LLC

Sowell Financial Services LLC acquired a new position in shares of Stifel Financial Corporation (NYSE:SF - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 3,305 shares of the financial services provider's stock, valued at approximately $312,000.

Other hedge funds have also added to or reduced their stakes in the company. NBC Securities Inc. acquired a new stake in Stifel Financial during the 1st quarter worth $26,000. Bessemer Group Inc. raised its stake in Stifel Financial by 52.1% during the 4th quarter. Bessemer Group Inc. now owns 321 shares of the financial services provider's stock worth $34,000 after buying an additional 110 shares during the period. MassMutual Private Wealth & Trust FSB raised its stake in Stifel Financial by 123.6% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 331 shares of the financial services provider's stock worth $31,000 after buying an additional 183 shares during the period. Quarry LP acquired a new stake in Stifel Financial during the 4th quarter worth $49,000. Finally, Smartleaf Asset Management LLC raised its stake in Stifel Financial by 26.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 528 shares of the financial services provider's stock worth $56,000 after buying an additional 111 shares during the period. Institutional investors and hedge funds own 82.01% of the company's stock.

Insider Buying and Selling

In related news, Director Michael J. Zimmerman sold 10,000 shares of Stifel Financial stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $96.69, for a total transaction of $966,900.00. Following the completion of the transaction, the director now owns 45,833 shares in the company, valued at approximately $4,431,592.77. This trade represents a 17.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 3.28% of the stock is currently owned by corporate insiders.

Stifel Financial Price Performance

Shares of NYSE SF opened at $97.47 on Friday. The stock has a market capitalization of $10.01 billion, a price-to-earnings ratio of 18.64 and a beta of 1.07. The business has a 50-day moving average of $92.28 and a 200-day moving average of $99.84. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.81 and a quick ratio of 0.77. Stifel Financial Corporation has a fifty-two week low of $73.27 and a fifty-two week high of $120.64.

Stifel Financial (NYSE:SF - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $0.49 earnings per share for the quarter, missing the consensus estimate of $1.64 by ($1.15). The company had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.32 billion. Stifel Financial had a net margin of 12.26% and a return on equity of 13.88%. Stifel Financial's revenue was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.49 EPS. As a group, sell-side analysts predict that Stifel Financial Corporation will post 8.26 earnings per share for the current fiscal year.

Stifel Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date of this dividend was Monday, June 2nd. Stifel Financial's payout ratio is currently 35.18%.

Analysts Set New Price Targets

A number of research firms have issued reports on SF. Wolfe Research upgraded Stifel Financial from a "peer perform" rating to an "outperform" rating and set a $108.00 target price for the company in a report on Thursday, April 24th. JPMorgan Chase & Co. lowered their target price on Stifel Financial from $123.00 to $100.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Citigroup lowered their target price on Stifel Financial from $125.00 to $105.00 and set a "neutral" rating for the company in a report on Wednesday, April 2nd. JMP Securities lowered their target price on Stifel Financial from $135.00 to $120.00 and set a "market outperform" rating for the company in a report on Tuesday, April 8th. Finally, The Goldman Sachs Group lowered their target price on Stifel Financial from $121.00 to $105.00 and set a "neutral" rating for the company in a report on Thursday, April 3rd. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $105.50.

About Stifel Financial

Stifel Financial Corp., a financial services and bank holding company, provides retail and institutional wealth management, and investment banking services to individual investors, corporations, municipalities, and institutions in the United States and internationally. It operates in three segments: Global Wealth Management, Institutional Group, and Other.

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